What Does “Cash Buyers Only” Mean?
Just as is the case with everything else in our lives, many changes have occurred in the property market over the last year or so. That’s not to say these changes weren’t already occurring, but because of so many uncertainties, there has been a quicker shift to alternative options. You may have noticed, when selling or buying or just idly browsing, that more properties are being advertised with the words “cash buyers only” attached. Have you ever wondered what that phrase actually means and why you may want to find the best cash house buyers if you are selling up and moving on?
In the following post, that’s what we are going to discuss.
What Are Property Cash Buyers?
Cash buyers are people who are not relying on mortgage applications or the sale of other property to enable them to buy a property they are interested in. These are generally less common, as most buyers do not have the liquid assets needed and need to wait to sell or have mortgages approved before putting forward an offer on a house.
Why Are Some Houses Listed as Cash Buyers Only?
Buyers are often put off when they see a property listed for cash buyers only. They assume there is probably something wrong with the property. Although there are instances where houses listed for cash property buyers only have issues that put mortgagers off, this is not always the case. For instance, it may be just that you need to move to a new home, because of work or family commitments and have searched for the best way to sell my house flat.
On the other hand, if there are structural issues, subsidence, or any other extenuating circumstances, selling property to cash buyers is often the best or only option.
Is Selling To Property Cash Buyers the Best Way to Sell My House Fast?
Another key reason why people list their houses for sale for cash buyers only is that it is quicker and involves less risk. As we have already noted, most traditional property sales rely on mortgages being approved and other property being sold to release the funds. When either of those things doesn’t go the way of the buyer, it can cause problems and prevent the sale from going through.
The best cash house buyers, however, can act quickly and have the available funds to buy the property quickly. Naturally, therefore, there are fewer risks involved.
How Quickly Can Cash Buyers Purchased Properties?
If you are giving serious thought to selling to property cash buyers because you need to move quickly, you may be wondering “how fast will it take if I accept cash for my house?” The truth is it all depends on the situation you are in. It depends on whether a conveyancing lawyer is required and if you have another property to move into. Generally speaking, when you choose one of the best cash house buyers like Cash Home, the process can take as little as 7 days to complete.
If that is too quick for you, however, you should be able to come to an agreement about a suitable timeframe as most property cash buyers are willing to make it as easy as possible for you.
Are There Some Houses that are Better Than Others for Property Cash Buyers?
There is a misconception that property cash buyers will only purchase property that has problems or is low-value. While there are some out there who specialise in those kinds of properties, most of the best cash house buyers, like Cash Home, will have the buying power to make offers on any property.
Now that you know a lot more about cash buyers and why some property is marked as cash buyers only, you may be thinking to yourself that “this is the best way to sell my house fast” and may be wondering how you can start the process.
We agree with you and at Cash Home, we have made the process simple. You just need to request a valuation and then we will provide you with an accurate and fair offer that you can accept or decline. Once you accept it, we will take care of everything, including all the legal fees, meaning you can sell your property fast and only need to worry about your removal costs.